CND 0.00% 2.8¢ condor energy limited

Long term potential, page-2

  1. 2,192 Posts.
    lightbulb Created with Sketch. 331
    did a quick onceover:

    2 corporate loans toother parties dont look like being repaid
    Management triedselling off their main asset EP127 - shareholders rejected the sale
    Now mgmt decide toexplore it - include a massive 5.5m asset impairment recorded on balance sheet
    Track record ofissuing shares, diluting holders value and wasting equity

    Only thing going forit is its cheap, has 1.1m cash + the 20% in Goshawk (who in turn have a 20% JV with Squadron(aka twiggy forrest) SGJV - Squadron Goshawk Joint Venture )

    653,618,972 SOI @ 1c = 6.5m MC
 
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